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Overview / Commentary
816 Royal Gorge Boulevard
Canon City, CO 81212

Canon National Bank is headquartered in Canon City and is the 33rd largest bank in the state of Colorado. It is also the 2,585th largest bank in the nation. It was established in 1974 and as of December of 2013, it had grown to 83 employees at 9 locations. Canon National Bank has a A health rating.

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Health

Data for Q4 2013

Institution Health

A

Texas Ratio

GRADE:
A

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Canon National Bank had $2.76 million in non-current loans and owned real-estate with $28.43 million in equity and loan loss allowances on hand to cover it. This gives Canon National Bank a Texas Ratio of 9.73% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Canon National Bank decreased slightly from 13.44% as of December 31, 2012 to 9.73% as of December 31, 2013, resulting in a positive change of 27.61%.This indicates that the balance sheet and financial strength for Canon National Bank has improved slightly in recent periods.

Deposit Growth

GRADE:
A+

In the past year, Canon National Bank has increased its total deposits by $17.95 million, resulting in 8.91% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Canon National Bank has shown is excellent.

Capitalization

GRADE:
A

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Canon National Bank has $246.45 million in assets with $28.43 million in equity, resulting in a capitalization level of 11.54%, which is excellent.

Institution Statistics

Overall
FDIC Certificate #21801
Year Established1974
Employees83
Primary RegulatorOCC
Assets and Liabilities
Assets$246.45 million
Loans$133.69 million
Deposits$219.43 million
Equity Capital$25.42 million
Loan Loss Allowance$3.01 million
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$1.54 million
Historic Data - December 2012
Assets$227.87 million
Equity Capital$25.40 million
Loan Loss Allowance$3.30 million
Unbacked Noncurrent Loans$1.22 million
Real Estate Owned$2.31 million
Profit Margin - Quarterly
Net Interest Margin4.02%
Return on Assets0.79%
Return on Equity7.27%
Interest Income$9.76 million
Rates

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Locations


Canon National Bank Locations
Florence Branch100 E. Main StreetFlorence, CO 81226
Pueblo Branch101 West 5th StreetPueblo, CO 81002
Pueblo Amherst Branch2 Amherst AvenuePueblo, CO 81005
Fremont Drive Branch2101 Fremont DriveCanon City, CO 81212
Colorado Springs Branch3204 West Colorado AvenueColorado Springs, CO 80904
North Chelton Branch518 North Chelton RoadColorado Springs, CO 80909
Pueblo West Branch76 East Dunlap DrivePueblo, CO 81007
Canon National Bank816 Royal Gorge BoulevardCanon City, CO 81212
One North Parkway BranchOne North ParkwayColorado City, CO 81019